Sports Medicine Devices – Brace for Impact!  Beulah Devadason, Senior Research Analyst                Healthcare          ...
Today’s Presenter: Beulah Devadason                                      2
Focus PointsSports Medicine - Origin and overview•   Sports Medicine Product CategoriesSports Medicine Devices•   Surgical...
Sports Medicine – Overview•   Sports medicine is a specialization that    mixes both the fitness and medical fields by    ...
Sports Medicine Product Categories            •   Pain Relievers            •   Athletic Training                   • Topi...
Sports Medicine Devices                          6
Surgical and Therapeutic Devices                           The therapeutic or non-surgical sports medicine devices can be ...
Challenges and Drivers in the Sports Medicine Industry                      More active                        aging      ...
Market Engineering MeasurementsSports Medicine Devices Market: Market Engineering Measurements (World), 2010Measurement Na...
Outlook for Sports Medicine Device Manufacturers – KeyTakeaways Sports medicine industry will provide a growing source of ...
Next Steps Request a proposal for Growth Partnership Services or Growth Consulting Services to support you and your team t...
Your Feedback is Important to Us             What would you like to see from Frost & Sullivan?Growth Forecasts?Competitive...
Follow Frost & Sullivan on Facebook, LinkedIn,SlideShare, and Twitter            http://www.facebook.com/FrostandSullivan ...
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Sports Medicine Devices -- Brace for Impact!

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An analyst briefing on the sports medicine devices market.

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Sports Medicine Devices -- Brace for Impact!

  1. 1. Sports Medicine Devices – Brace for Impact! Beulah Devadason, Senior Research Analyst Healthcare 18 August 2011
  2. 2. Today’s Presenter: Beulah Devadason 2
  3. 3. Focus PointsSports Medicine - Origin and overview• Sports Medicine Product CategoriesSports Medicine Devices• Surgical and Therapeutic Devices• Challenges and Drivers in the Sports Medicine Industry• Outlook for Market ParticipantsAbout Frost & Sullivan 3
  4. 4. Sports Medicine – Overview• Sports medicine is a specialization that mixes both the fitness and medical fields by combining medical principles with sports science to prevent injury and promote Medicine Medicine Sports rehabilitation.• Increasing competition in sports and athletic performance has lead to an increased Fitness incidence of injury in many sports.• Sports medicine has the potential to save an athletes career, and his/her life. Source: Frost & Sullivan• Sports medicine is essentially practiced by Sports Medicine – First Aid athletic trainers who monitor athletes for Immediately following an injury, the PRICE fitness indicators such as heart rate and method is used for administering first aid. blood pressure levels. • P – Protection• Arthroscopic repair is the fastest growing • R – Restricted Activity segment in treatment of sports related • I – Ice injuries. • C – Compression• Highest revenues in sports medicine are seen in the US • E – Elevation 4
  5. 5. Sports Medicine Product Categories • Pain Relievers • Athletic Training • Topical Analgesics • Wraps • Capsaicin creams • Tapes • Counter irritants • Taping Supplies • Athletic Training Kit (ATK) • Steroid Injections • Cortisone • Cleaners & Disinfectants • Prednisone • Disinfectant wipes • Disinfectant sprays • Braces & Supports • Upper body • Surgery • Lower body • Arthroscopes • Specialty • Implants • Other Instruments • Cold and Heat Therapy • Cold therapy • Heat therapy Source: Frost & Sullivan 5
  6. 6. Sports Medicine Devices 6
  7. 7. Surgical and Therapeutic Devices The therapeutic or non-surgical sports medicine devices can be broadly classified into four segments. These include braces & supports, wraps & tapes, disinfectant wipes and alcohol based hand rub (ABHR), and finally cold and heat therapy Surgical products. Devices Several of these products which were originally developed for use by athletes have now found their way into general medicine in the treatment of active individuals. Sports Braces & Supports Medicine Devices Wraps & Tapes Therapeutic Devices Disinfectant Wipes & ABHR Cold & Heat Therapy Source: Frost & Sullivan 7
  8. 8. Challenges and Drivers in the Sports Medicine Industry More active aging population Increase in sports injury Increase in Ongoing Arthroscopic Innovation Approach Quality, Safety Evidence- & Pricing based research Source: Frost & Sullivan 8
  9. 9. Market Engineering MeasurementsSports Medicine Devices Market: Market Engineering Measurements (World), 2010Measurement Name Measurement TrendMarket Age Growth IncreasingMarket Revenues (2010) $ 2.93 billion IncreasingMarket Forecast (Year = 2017) $ 5.06 billion (9.6%) IncreasingPrice sensitivity Medium StableNumber of competitors (active market competitors in base year) 50+ IncreasingDegree of competition (scale of 1 to 10) 8 IncreasingDegree of technical change Medium IncreasingCustomer loyalty (scale of 1 to 10) 7 StableMarket concentration (% of base year market controlled by top three competitors) 65% Decreasing Note: All figures are rounded; the base year is 2009. Source: Frost & Sullivan. 9
  10. 10. Outlook for Sports Medicine Device Manufacturers – KeyTakeaways Sports medicine industry will provide a growing source of revenues for orthopedic brace and supports manufacturers. Pre-cut kinesiology tapes are gaining popularity in sports medicine devices for athletic training. Aging baby boomers, increasingly active elderly, and increased emphasis on sports performance contribute to a higher incidence of sports injury. Rise in minimally invasive procedures will aid the growth of the arthroscopic instruments segment of the sports medicine devices market. Sports medicine market will continue to grow at a CAGR of 9.6 percent reaching an estimated market value of $ 5.06 billion in 2017. 10
  11. 11. Next Steps Request a proposal for Growth Partnership Services or Growth Consulting Services to support you and your team to accelerate the growth of your company. (enquiries@frost.com) Join us at our annual Growth, Innovation, and Leadership 2012: A Frost & Sullivan Global Congress on Corporate Growth occurring 15 – 16 May, 2012 (www.gil-global.com) Register for Frost & Sullivan’s Growth Opportunity Newsletter and keep abreast of innovative growth opportunities (www.frost.com/news) 11
  12. 12. Your Feedback is Important to Us What would you like to see from Frost & Sullivan?Growth Forecasts?Competitive Structure?Emerging Trends?Strategic Recommendations?Other? Please inform us by rating this presentation Frost & Sullivan’s Growth Consulting can assist with your growth strategies 12
  13. 13. Follow Frost & Sullivan on Facebook, LinkedIn,SlideShare, and Twitter http://www.facebook.com/FrostandSullivan http://www.linkedin.com/companies/4506 http://twitter.com/frost_sullivan 13
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